• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Emperor Ent sees revenue fall 10 pct in fiscal 1H

Nov 18, 2016 Newsdesk Latest News, Macau, Top of the deck  


Emperor Ent sees revenue fall 10 pct in fiscal 1H

Emperor Entertainment Hotel Ltd, owner and operator of Macau casino property Grand Emperor Hotel (pictured), reported a 10.2 percent year-on-year decrease in revenue for the six months ended September 30, to HKD784.5 million (US$101.1 million). “The group’s performance was impacted by challenging conditions in Macau’s gaming market,” the firm said in a filing on Wednesday.

The Hong Kong-listed firm recorded gaming revenue of HKD657.6 million for the period, a decrease of 11.1 percent from the prior-year period. Gaming revenue accounted for 83.8 percent of the group’s total revenue in the six months to September 30.

The casino at the Grand Emperor Hotel is operated under the gaming licence of SJM Holdings Ltd. As of September 30, the venue had 67 mass-market tables; 196 slot machine seats; and a self-managed VIP gaming room with 10 tables.

In its fiscal first half, rolling chip amount in the self-managed VIP room increased by 29.4 percent year-on-year to HKD13.2 billion. Despite the increase in rolling chip turnover, revenue from the VIP room fell by 7.8 percent to HKD232.6 million, Emperor Entertainment reported.

The company reported earnings before interest, taxation, depreciation and amortisation (EBITDA) of HKD180.0 million for the six-month period, down by 34.3 percent from a year earlier. The group also operates a Macau hotel with no gaming; the 287-room Inn Hotel Macau – formerly known as Best Western Hotel Taipa.

Emperor Entertainment said both the exchange loss and decrease in the valuation of the hotel properties “was greatly diminished” in the six months to September 30. As a result, net profit “only decreased” by 5.7 percent year-on-year to HKD105.1 million, the firm said.

The board recommended an interim dividend of HKD0.025 per share, amounting to HKD32.6 million. The interim dividend will be paid on December 15 to shareholders registered as of December 9, the firm said.

Emperor Entertainment had said in June that its profit for the fiscal year to March 31, 2016 fell 49.2 percent year-on-year, to HKD256.2 million.


  • tweet
Related articles
  • LVS amends US$1.5bln loan facility, dividends restricted
    LVS amends US$1.5bln loan facility,...

    Feb 01, 2023  

  • Grand Emperor returns to a Macau satellite operation
    Grand Emperor returns to a Macau...

    Jan 03, 2023  

More news
  • Macau early Feb average daily GGR higher than Jan: JPM
    Macau early Feb average daily GGR...

    Feb 06, 2023  

  • Macau tour trade returns at historic areas, resorts says govt
    Macau tour trade returns at historic...

    Feb 06, 2023  


Latest News

Macau early Feb average daily GGR higher than Jan: JPM

Macau early Feb average daily GGR higher than Jan: JPM

Feb 06, 2023  

Macau’s casino gross gaming revenue (GGR) for the first five days of February is estimated at MOP1.9 billion (US$235.1 million) – or MOP380 million per day – a level that suggests a “45...
Read More
Macau tour trade returns at historic areas, resorts says govt

Macau tour trade returns at historic areas, resorts says...

Feb 06, 2023  

Cambodia ops to Mar 31 for due tax on non-gaming: report

Cambodia ops to Mar 31 for due tax on non-gaming: report

Feb 06, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”The resumption [of mainland package tours] is definitely good news: recovering foot traffic for casinos [in Macau] is really important and their comeback will help with that”

Hoffman Ma Ho Man

Deputy chairman of Success Universe Group, promoter of casino-hotel Ponte 16



Most Popular

  • Return of tours good for mass floor traffic: observersReturn of tours good for mass floor traffic: observers February 3, 2023
  • Jaw-dropping wagers in Macau CNY survey: CitigroupJaw-dropping wagers in Macau CNY survey: Citigroup February 2, 2023
  • Galaxy Macau’s new arena to host K-pop group BlackpinkGalaxy Macau’s new arena to host K-pop group Blackpink January 9, 2023
  • Cyprus president says Melco CoD Mediterranean to aid nationCyprus president says Melco CoD Mediterranean to aid nation February 6, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us